Financial accounting information and corporate governance

• 成果类型: Article
• 署名作者: Bushman, RM; Smith, AJ
• 署名单位: University of North Carolina; University of North Carolina Chapel Hill; University of Chicago
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/S0165-4101(01)00027-1
• 发表日期: 2001
• 关键词: relative performance evaluation; investment opportunity set; executive-compensation; firm performance; incentive contracts; ADDITIONAL EVIDENCE; Agency problems; stock markets; empirical-analysis; stewardship value

摘要

This paper reviews and proposes additional research concerning the role of publicly reported financial accounting information in the governance processes of corporations. We first discuss research on the use of financial accounting in managerial incentive plans and explore future research directions. We then propose that governance research be extended to explore more comprehensively the use of financial accounting information in additional corporate control mechanisms, and suggest opportunities for expanding such research. We also propose cross-country research to investigate more directly the effects of financial accounting information on economic performance through its role in governance and more generally. (C) 2001 Elsevier Science B.V. All rights reserved.